I did.

I read here to get a sense of the sentiment... Which continues to astound me....

When I buy back in, and I will, I will have a zero cost base (or less) on my original position.

In the meantime, I'll collect 7% on a boring REIT - which has been appreciating through this gold mining meld down. (But my finger is on the sell trigger for this one as well).

In my opinion, until the ECB or the US Fed commits to further QE, gold will drift without much purpose in either direction. It may take 6, 12 or 18 months - nobody knows for sure - but I don't see any alternative to the public debt issues in Europe and the US other than contuned inflation through QE. Which will drive gold higher.

Until then, I'm out of the kitchen, because I can't stand the heat!